Figment | Crypto

The small nation’s Ether staking adds to its expanding blockchain activity as it remains one of the few governments holding Bitcoin. Blockchain data shows the Royal Government of Bhutan has staked 320 Ether (ETH) worth roughly $970,000 through Figment, marking the latest onchain activity from the Himalayan state as it expands its crypto holdings and validator operations. Figment is a staking provider that helps large investors and institutions stake digital assets across multiple blockchains and earn rewards for securing proof-of-stake networks. The move adds to a growing wave of Ethereum-focused activity from Bhutan. In October, the South Asian nation of roughly 800,000 people began migrating its self-sovereign digital ID system from Polygon to Ethereum, allowing residents to verify their identities and access government services on the network. Read more

The integration gives institutions regulated access to HYPE staking on HyperCORE, extending Anchorage Digital’s custody and DeFi capabilities across Hyperliquid. Anchorage Digital has expanded its support for the Hyperliquid ecosystem by adding HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM.  Staking, the process of locking crypto to secure a blockchain network in exchange for earning rewards, is being offered through Anchorage Digital Bank and through Anchorage Digital Singapore, which holds a Major Payment Institution license. The company said staking will also be available through Porto, its self-custody wallet. The bank is partnering with staking infrastructure provider Figment to run the underlying validator infrastructure, it said in a Friday announcement.   Read more

A hedged SOL staking model underpins the new yield product, debuting amid rising institutional demand for regulated access to Solana’s network rewards. Figment and OpenTrade have introduced “OpenTrade Stablecoin Staking Yield,” a new stablecoin yield product that targets a yield of 15% by utilizing Solana staking returns, with Crypto.com providing custody for the underlying assets. According to Monday’s announcement, institutions deposit and withdraw stablecoins, while the yield is produced by Solana (SOL) staking rewards and an offsetting perpetual-futures hedge run by OpenTrade. Deposits and withdrawals are handled through Figment’s platform, with the strategy executed in an OpenTrade-managed vault. Figment said the strategy has historically delivered returns above Solana’s typical 6.5% to 7.5% staking rate. Read more

The expanded integration lets Coinbase Prime clients stake Solana, Avalanche and other proof-of-stake assets directly from custody. Institutional staking provider Figment has expanded its integration with Coinbase, allowing the exchange’s institutional clients to stake a broader range of proof-of-stake (PoS) assets directly from Coinbase Custody — a move that could drive adoption beyond Ethereum. Through the integration, Coinbase Prime customers can now use Figment’s staking infrastructure to access additional PoS networks, including Solana (SOL), Sui (SUI), Aptos (APT), Avalanche (AVAX) and others, the companies announced Tuesday. The partnership, which began in 2023, has already facilitated more than $2 billion in staked assets through Coinbase Prime. Read more

SEC-registered adviser Two Prime is partnering with Figment to give institutional investors access to yield on Bitcoin and other crypto protocols. US investment adviser Two Prime has partnered with staking infrastructure provider Figment to offer institutional clients access to cryptocurrency yield opportunities — highlighting the growing institutional shift toward blockchain-based yield strategies. Through the partnership, Two Prime’s institutional clients will gain access to yield strategies for Bitcoin (BTC) and more than 40 other digital asset protocols, including Ethereum, Solana, Avalanche and Hyperliquid, the companies announced Tuesday. Two Prime, a crypto-native investment adviser registered with the US Securities and Exchange Commission, manages roughly $1.75 billion in assets and operates one of the industry’s larger Bitcoin lending businesses. Read more